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Self-Build Mortgage

Build your home, exactly how you want it

Building your home is an exciting time. It’s your chance to build exactly what you need from the ground up and create the home of your dreams. We’ve been helping our customers to build their own homes for over 30 years. We know every step of the process, so if it’s something you have always wanted, our experienced mortgage consultants are here to help you. Book an appointment today and we can happily talk you through all you need to know.

A snapshot of the Self-Build journey

The self-build mortgage journey is a bit different to a standard mortgage with a few additional requirements. Our self-build guide (pdf, 3.22MB) will help you understand the journey from start to finish.

Starting with your mortgage application

Whether you have a site with full planning permission or just started saving your deposit, you can book an appointment with one of our mortgage consultants.

We will take you through all you need to know, from picking the right mortgage rate to explaining anything you are unsure of. Depending on how far along you are in the process, at your appointment we can give you an initial indication of what we could lend you or start with your mortgage application straight away.

Your application and mortgage approval

To make your application you will need to provide some documents. You can find the required documents here. Your mortgage consultant will be in regular contact with you to help with any questions you might have. When your mortgage is approved, you will be issued with a letter of offer.

Your Build Begins

Your build can then get underway. Each stage of the build is funded through stage payments until your home is complete. You only pay interest on what you’ve actually drawn down, not on the whole mortgage.

Stage Payments

You can receive your payments in 4-6 stages depending on your build. Here is an example:

Each stage must be certified by your assigned certifier and requested through your solicitor.

What does our Self-Build Mortgage offer you?

With our Self-Build Mortgage you get all the great benefits of our mortgage for first time buyers. We are also here to support you every step of the way, so here are just some of the things we can offer you:

Clearer indication of your budget – After meeting with us in your local branch we’ll be able to give you a good idea of what we can lend you, so you have a clear understanding from the outset of what you can work with.

12 months mortgage approval – Planning your build is not easy and it does take time. That’s why we offer up to 12 months mortgage approval. This means once your mortgage is credit approved in principle, it will remain valid for a period of up to 12 months.

A mortgage consultant – We have a dedicated mortgage team to guide you through your mortgage journey and help you along the way.

Top tips to get your build going

Choosing a good architect is crucial to the success of your build. Ask family or friends for recommendations or check out www.riai.ie

You should always aim to get at least three quotes for the job. Know the difference between an estimate and a quote: an estimate is only an educated guess, while a quote is an exact price.

Stick to your budget. Double check how any proposed changes will affect the overall cost of the project.

Check all building quotes for VAT. It’s important to know if the quotes include VAT or if you’ll need to add VAT on top of the quote given.

The time of year will impact your building plans. Building during winter can mean heavy rain or extreme cold. This can slow or even stop a build from progressing.